The Most Competitive Cities of the Future

6/25/2013 6:53PM

A new study by the Economist Intelligence Unit ranks major cities by their ability to compete in a global marketplace. MarketWatch's Jim Jelter takes a look at which cities will be the most competitive in 2025 according to the data. (Photo: Getty Images)

This transcript has been automatically generated and may not be 100% accurate.

I ... I ... the first rules of business for any company has to go to the competition this ... goes for cities as well ... by Amgen Jelter MarketWatch ... and our colleagues over twenty four seven Wall St of taking a lawyer to a recent study by the economist intelligence unit ... the race major cities by their ability ... to compete in a global market what's their criteria for measuring competitiveness one for me on wealth and economic strife ... it included a city's legal system its financial maturity ... quality of environment ... access to educated workforce ... whether it has an inviting and productive culture ... and whether it has a well established infrastructure ... determining whether a city as sound public policy ... was also a key element ... armed with all this data ... he I use come up with tulips ... cities that are currently the most competitive ... and perhaps more interesting Lee ... the citizen sees as being the most competitive ... in the year twenty twenty five ... as you might expect ... there are bound to be some changes over the next twelve years so here's the I use short list of the world's most competitive cities ... in the year twenty twenty fought number five in ... Tokyo ... among the city's main strengths in the years ahead of ... its financial institutions ... and its high and rising GDP ... bill feel increasing pressure from its neighbors however ... and that includes Hong Kong which is number four on the way this ... ongoing draws on many of the same strengths is Tokyo ... sitting in the number four spot ... is actually a drop from its current number three position ... Number three among the top competitive citizen twenty twenty five goes to Singapore ... this is also a downgrade from its position as the subsidy today ... spotted earned in part ... from scoring so well and access to a well adjusted workforce ... and excellent communication and transportation systems ... number two on the list is longer ... which earns high marks for the quality of its educational system ... and the strength of its financial sector ... both of which catered to the growing needs of global business ... number one on the list ... by the year twenty twenty five ... new York ... is expected to be the world's most competitive Senate ... rising from the Number two spot today ... over the next twelve years ... new York's GDP is expected to remain second ... behind Tokyo ... but the greater metropolitan area is expected to see strong gains in education ... while continuing to be home to the nation's top ... publicly traded companies ... those will be major contributors in making new York the most attractive city in the world ... for businesses that span the glow ...